Research on the impact of e-commerce on county economic resilience -- A quasi-natural experiment based on the policy of "comprehensive demonstration of e-commerce into rural areas"

Abstract

Amidst the global emphasis on sustainable development and the deepening.The incorporation of Environmental, Social, and Governance ( ) considerations into a company's strategic framework, this study examines The correlation between a company's ESG (Environmental, Social, and Governance) performance and its market standing/performance valuation using  Shanghai and Shenzhen  firms from 2013 to 2024. Empirical evidence confirms a statistically significant positive effect of robust  practices on enhancing corporate market value.Key findings are summarized as follows:Baseline Regression Analysis: A significant positive correlation exists between  performance and corporate market value (measured by ) at the 1% significance level.Robustness Validation: The positive linkage persists under rigorous testing conditions, including one-period lagged  variables and substitution of dependent variables (e.g.,alternative market value metrics).Heterogeneity Insights:  performance positively influences market value for both state-owned enterprises ( ) and non-state-owned enterprises ( ).The impact is markedly stronger for  compared to , likely attributable to differences in resource flexibility and stakeholder responsiveness.This research extends Research on the economic impacts stemming from  factors performance, offering actionable insights for:Corporations: Optimizing integration into long-term strategic planning;Investors: Enhancing decision-making frameworks through risk-return assessments;Policymakers: Designing incentives to accelerate sustainable business practices.